And like the last time JPM plundered 20K ounces of Scotia gold on August 8...

... JPM took directly from Scotia's registered gold inventory. We wonder how regular, non-TBTF customers of Scotia would feel if they learned that their registered gold was now in the "possession" of JPMorgan.

Finally, as a reminder, JPM's sequestering of all available Comex gold is not new. It started on August 7 HSBC: